User Account

All Pages

Find days sales outstanding-snider industries

Assignment Help Business Management
Reference no: EM132671355

Snider Industries sells on terms of 2/10, net 45. Total sales for the year are $500,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 50 days after their purchases. Assume a 365-day year.

  1. What is the days sales outstanding? Do not round intermediate calculations. Round your answer to the nearest whole number.
  2. What is the average amount of receivables? Do not round intermediate calculations. Round your answer to the nearest dollar.
  3. What would happen to average receivables if Snider toughened its collection policy with the result that all nondiscount customers paid on the 45th day? Do not round intermediate calculations. Round your answer to the nearest dollar.

Reference no: EM132671355

Questions Cloud

Explain detail note about stakeholders responsibilities : Explain detail note about stakeholders' responsibilities towards safe environment. Use real life examples and real situations to explain the corporate.
Changes to the new capital structure-merriwether building : Merriwether Building has operating income of $20 million, a tax rate of 25%, and no debt. It pays out all of its net income as dividends and has a zero growth
Analyze the personalities of brooke and gary : It is based on a video clip. The video clip shows a scene from the movie The Break-Up. Gary comes home after work and joins Brook. They are expecting guests.
Prepare the journal entry to record xyz payment : Prepare the journal entry to record XYZ payment of interest on December 31,2013.On July 1 2013, Tan Corporation acquired as a long term investment
Find days sales outstanding-snider industries : Snider Industries sells on terms of 2/10, net 45. Total sales for the year are $500,000. Thirty percent of customers pay on the 10th day and take discounts
Show would enter on a general ledger or journal entry : Show would enter on a general ledger or journal entry. You should assume that your firm declared a cash dividend of $200 dollars in Turn 26.
MECH7010 Contemporary Robotics Assignment : MECH7010 Contemporary Robotics Assignment Help and Solution, The University of Hong Kong - Assessment Writing Service
Estimate the growth rate for the future dividends of crane : Given this information, estimate the growth rate for the future dividends of Crane. Express your result in percent and round to two decimals
What advice would give the negotiating parties : What advice would you give the negotiating parties regarding the issue of whether to consider the Stadium's income in the salary negotiations?

Reviews

Write a Review

Business Management Questions & Answers

  Blind spot analysis

Blind Spot Analysis: what blind spots do you see that may have impacted the decision-making in this dilemma?

  What is the purpose of training needs analysis

What is the purpose of a training needs analysis (TNA)? What methods and tools would you use to help this manager?

  Happening under drug related groups system

What could be possible inefficiency happening under Drug Related Groups system? Why?

  Case study-communication and network technologies

Explain policies and procedures of networks, including intranet and internet to facilitate clinical and administrative applications (BL2)

  Referencing fundamental marketing principles

Support your assertions by referencing fundamental marketing principles presented throughout the course.

  Describe how the budget is used to monitor work

Describe how the budget is used to monitor work, performance, variation, and team/division outputs.

  Will there always be poverty

Will there always be poverty? Use a minimum of two academic journal articles from the CSU Online Library. Your essay must be formatted in APA style.

  Coaching and mentoring training based on responses

When it comes to assessing youjr training needs, Connor & Pokora (2012) state that a good place to start is to ask yourself why are you interested in training traits at this time in your life an work (p.117). One approach to exploring your trainin..

  Type of wireless networking most likely use

You are trying to access the WiFi network at a coffee shop. What protocol will this type of wireless networking most likely use?

  What was the effect on the audience

What was the effect on the audience? What would you do differently?

  Explain the distinction between outsourcing and offshoring

Explain the distinction between outsourcing and offshoring. Using examples, describe the various stages in the purchasing process.

  Dynamics comprises of competitors

Competitive dynamics refers to all of the competitive behaviors and actions of all of the companies competing within markets.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd